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Instructions: Below is the unadjusted trial balance for Bear Advertising Inc. Record the adjusting entries in the General Journal. Then post your adjusting entries

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Instructions: Below is the unadjusted trial balance for Bear Advertising Inc. Record the adjusting entries in the General Journal. Then post your adjusting entries in the t-accounts provided and prepare an adjusted trial balance. Bear Advertising Inc. Trial Balance August 31, 20XX Date Account General Journal PR Debit Credit Cash $15125 Accounts Receivable 4500 Prepaid Insurance 3000 Advertising Supplies 3000 Equipment 6000 Accounts Payable $375 Unearned Revenue 5000 Notes Payable 3000 Common Stock 11000 Dividends 3000 Advertising Revenue 16000 Utility Expense 750 Totals $35375 $35375 The company has completed $3000 of the work for which you were prepaid on 8/20. The depreciation on equipment for the month of August is $150. One month of the 6-month insurance policy purchased has expired (been used). One month of interest on the notes payable is $30. The company has used $125 of phone and Internet services for which no bill has been received. The company has performed $1000 of advertising services for a customer who has not been billed yet. An inventory of advertising supplies reveals that $1000 remain unused. Cash $15125 Accounts Receivable $4500 Prepaid Insurance $3000 Advertising Supplies Equipment $3000 $6000 Accounts Payable $375 Unearned Revenue $5000 Notes Payable $3000 Common Stock $11000 Retained Earnings $0 Dividends $3000 Advertising Revenue $16000 Utility Expense $750

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